Should Investors Buy Amprius Stock for 2024?
This innovative battery technology company is securing major contracts to supply its products.
Fool.com contributor and finance professor Parkev Tatevosian reviews Amprius stock and answers if it's a growth stock investors should buy.
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They just went from a tiny factory in Freemont, California to a 775,000 square foot, 5 GW/h factory in Colorado... That might be worth mentioning when you're highlighting their recent cashflow loss. Also makes sense how they would go from a 77% return to a 370% return in just two years. They are scaling up big. And that costs money. If you know anything about the product they make? And the contracts/certifications they have been landing?! It seems like a pretty big deal. I don't like falling in love with companies, but this one tempts me sometimes... I suppose time will tell.
Few months later, what’s ur thoughts????
@@Omar-eo3gn my thoughts are that they're a "strong buy" by almost every analyst that matters... Barrons, for example, has them priced at $10.83 per share. It's a revolutionary technology that is scoring huge contracts on a daily basis & has an expected EPS of $0.16...up from -$0.10. It remains one of the greatest offers on the market...
@@SwizzleStickMcGee i think it will pay off in the future. I keep adding more every week to lower my avg price. They secured a good contract this week. They are growing a lot and tbh I think their numbers will be great next month. Will definitely be a record breaking year.
@@Omar-eo3gn agreed. I am literally buying more tomorrow. I think (hope) we hit the bottom
@@SwizzleStickMcGee I’ll be back to comment when eps comes out next month😎
Historical forward p/s is exactly what I would have looked at if I was going to try to get perspective on this stock. Do you know any sites that show that for free?
Funny I just bought this stock yesterday and I hope I will be lucky buying it. ❤😂🎉
Amprius an American company located next door to the Tesla plant just developed a Battery that if placed in an average size car will have a 1,000 kms range and can recharge up to 80 % in only 8 minutes. ❤😂🎉
Great point!
I actually think this is a little bit of a misleading point, because that car would also cost a ridiculous amount of money. If Amprius is successful-and I hope it is-that success will likely come from applications where people are willing to pay a lot more for batteries that are more energy dense, for example in things that fly.
FOMO is not good for everyone, wait and see and then decide or start with a small position. Thanks for the information
best professor on KZhead! :)
Wow, thanks!
I am not an economist or anything like that but, I believe until 2030-2035 when Europe puts their ecologist laws, electric car will suffer... People watch electric cars whit concern. I will try whit IA until the popularity of the next bubble arrives :D Nice video and Hello from Uruguay!
I will buy a few shares if it hits $2.70/shares again. It would be the gamble at that price.
Can they reach price of battery 100$/kwh?
I seriously doubt they could achieve this any time soon, if ever. However, that doesn’t necessarily matter because people would be willing to pay a lot more for the increased energy density in certain applications outside of EVs.
Insiders keep awarding themselves huge blocks of shares (150 K), and immediately sell them at market.
Well yeah the company can’t hold all the shares in the stock, they need investors to buy shares in the company. Just 2 days ago Kestra Advisory Services LLC bought a new position in shares of Amprius Technologies, during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 102,050 shares of the company's stock, valued at $484,000.